News APP

NewsApp (Free)

Read news as it happens
Download NewsApp
Home  » Business » India to reject greenhouse gas limits

India to reject greenhouse gas limits

Source: PTI
May 29, 2007 13:39 IST
Get Rediff News in your Inbox:
India on Tuesday said it will reject the proposals to limit greenhouse gas emissions at the upcoming G-8 summit meeting in Germany as it will slow the pace of the country's booming economy.

"Legally mandated measures for reducing greenhouse gas emissions are likely to have significant adverse impacts on GDP growth of developing countries, including India," Environment Ministry Secretary Pradipto Ghosh said.

He said this in turn would have "serious implications for our poverty alleviation programmes".

Germany, which will host the summit from June 6 to June 8, has called for a statement limiting worldwide temperature rise this century to 2 degree Celsius and cuts to global greenhouse emissions to 50 per cent below 1990 levels by 2050.

Maintaining that legal mandates on greenhouse gas mitigation in any form would impact the country's growth, Ghosh said "this is not the path we wish to pursue."

"We are a responsible country and take a variety of sustainable projects to ensure energy efficiency at all levels," he said.

Chances of a consensus on the issue during the summit are remote with the US rejecting the idea of mandatory emission targets and the call for G-8 nations to raise energy efficiency.

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!